Why RBI Wants NRI Dollars: Inside the $17 billion FCNR(B) deposit surge after falling to under $1 billion
- Posted on July 30, 2026
- By Financial Express
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- 1 min read
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Why RBI Wants NRI Dollars: Inside the $17 billion FCNR(B) deposit surge after falling to under $1 billion
RBI introduced a scheme to attract NRI deposits, permitting Indian banks to provide a higher interest rate without concerns over Indian Rupee depreciation against the Dollar.
